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CRH PLC (CRH.L)

CRH.L on London Stock Exchange

2,759.00GBp
23 May 2018
Change (% chg)

-57.00 (-2.02%)
Prev Close
2,816.00
Open
2,824.00
Day's High
2,825.00
Day's Low
2,752.00
Volume
2,092,176
Avg. Vol
1,660,502
52-wk High
2,901.00
52-wk Low
2,326.00

Latest Key Developments (Source: Significant Developments)

CRH Announces Completion Of Americas Distribution Divestment
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - CRH Plc ::CRH DIVESTMENT UPDATE.CRH ANNOUNCES COMPLETION OF AMERICAS DISTRIBUTION DIVESTMENT.  Full Article

Fairfax drops out of bidding for South African cement maker PPC
Monday, 11 Dec 2017 

Dec 11 (Reuters) - PPC Ltd ::NOTIFICATION OF WITHDRAWAL OF FAIRFAX PARTIAL OFFER AND FURTHER CAUTIONARY ANNOUNCEMENT.ON 8 DECEMBER 2017, INDEPENDENT BOARD RECEIVED FAIRFAX'S FORMAL NOTIFICATION THAT IT WILL NOT PROCEED WITH PARTIAL OFFER.PPC LTD BOARD CONTINUES TO ENGAGE WITH LAFARGEHOLCIM IN RESPECT OF ITS APPROACH.  Full Article

PPC says independent board to not recommend offer by Fairfax Africa Investments
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - PPC Ltd - :‍RECOMMENDATION OF INDEPENDENT BOARD NOT TO ACCEPT OFFER BY FAIRFAX AFRICA INVESTMENTS PROPRIETARY LIMITED ("FAIRFAX").‍PPC WILL NOT CONVENE A GENERAL MEETING OF SHAREHOLDERS FOR PURPOSES OF APPROVING PROPOSED MERGER​.‍TAKEOVER REGULATION PANEL HAS GRANTED FAIRFAX AN EXTENSION OF DATE BY WHICH IT IS REQUIRED TO POST PARTIAL OFFER CIRCULAR UNTIL 12 DECEMBER 2017​.‍PPC IS CONTINUING ITS ENGAGEMENTS WITH CRH AND LH REGARDING THEIR RESPECTIVE NON-BINDING EXPRESSIONS OF INTEREST​.  Full Article

CRH says has capacity for further deals after fresh U.S move
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - CRH Plc :CRH says paying average 10x 2017 FY EBITDA, 8x post-synergies for $3.5 billion Ash Grove, $0.75 billion Florida cement deals.CRH says has identified $80 million of synergies from ash grove acquisition over three years.CRH CEO says recent acquisitions very deliberate attempt to refocus group on U.S. and higher growth states.CRH CFO says still has capacity on balance sheet to do further deals as they present themselves.CRH CEO says would not expect any significant deals in new geographies.  Full Article

CRH sees FY earnings rising above 3.2 billion euros ​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - CRH Plc :‍Sales increased by 2 percent to 20.7 bln euros in first nine months compared with corresponding period in 2016​.‍EBITDA for nine months to end of September 2017 was 2.43 billion euros, an increase of 2 percent compared with 2016​.‍Continue to expect another year of progress for the group; with current momentum continuing for remainder of year​.‍EBITDA including discontinued operations estimated to be in excess of eur 3.2 billion (2016 reported: eur 3.13 billion)​.‍To date in 2017, group spent 1.34 billion euros on 27 acquisition/investment transactions​.‍Expect year-end net debt to be in line with last year​.  Full Article

Ash Grove shareholders approve $3.5 bln sale to CRH
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Crh Plc :‍CRH has now received Ash Grove shareholder approval for proposed acquisition at a total consideration of $3.5 billion​.  Full Article

Ash Grove Cement announces stockholder approval of pending acquisition by CRH Plc
Saturday, 21 Oct 2017 

Oct 20 (Reuters) - CRH Plc :Ash Grove Cement Company announces stockholder approval of pending acquisition by CRH Plc.Ash Grove Cement Co - ‍merger with CRH Plc approved by stockholders holding more than majority of outstanding voting stock, acting by written consent​.  Full Article

Ash Grove receives third party offer at value of $3.7 bln to $3.8 bln
Friday, 6 Oct 2017 

Oct 5 (Reuters) - Ash Grove Cement Co :Ash Grove cement company provides updates regarding pending acquisition by crh plc.Received preliminary, non-binding competing proposal from third party to buy co at indicated enterprise value of $3.7 billion-$3.8 billion​.Board of directors of Ash Grove has determined that such proposal could reasonably be expected to result in a superior proposal​.Special meeting for vote on merger agreement with CRH Plc set for November 1, 2017​.  Full Article

CRH says Mark Towe to retire from board at end of 2016
Thursday, 25 Aug 2016 

CRH Plc : Board change . Mark Towe has confirmed his intention to retire from CRH board at end of 2016 .Mark, who joined CRH in 1997 and was appointed a CRH director in July 2008, will continue in his role as chairman, CRH Americas..  Full Article

INTERVIEW-CRH CEO says seeing no big Brexit impact on UK business
Thursday, 25 Aug 2016 

CRH Plc : CRH finance director says sees normalised net debt at 2.2/2.3 times EBITDA , expects year end 2x or below EBITDA . CRH CEO says debt reduction gives capacity to go out and do further big or small deals . CRH CEO says has not seen a big change in UK business since Brexit vote, people just bit more cautious . CRH CEO says sees no real change in UK for 2016, things calmed down until nature of future EU relationship known Further company coverage: [CRH.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

CRH to pause on major deals for rest of 2018 -CEO

DUBLIN Irish building materials group CRH is likely to hold back on major acquisition activity for the rest of 2018 as it digests last year's deals, CEO Albert Manifold said on Thursday.

No consensus analysis data available.